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Wednesday, May 25, 2011

Ex-wife inherits IRA - OUCH!

As much as estate-planning disasters make me wince in sympathy for both the deceased and the survivors, real-life examples are pretty vivid reminders of what not to do. This story from American lawyer Kyle Krull is one of those awful but instructive ones. Though the story is American, if you substitute "RRSP" for "IRA", the principles are identical here in Canada. Click here to read it (and I highly recommend that you do read it if you have an RRSP or RRIF and have been divorced).

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